EUR/AUD – 1H – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the bearish trendline upwards

The bullish trend up to the next resistance level at 1.64243 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 1.62891 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 1.63210072 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.64243 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

1.64243 – 1.63406 – 1.64182 – 1.6298 – 1.62891 – 1.63459 —
1.63203 – 1.62941 —
29.816565377185 – 29.344889697562 —
– —
1.64243 – 1777496400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three White Soldiers – – – – – – – – –